The world second retailing giant, Carrefour, is staging the Russia’s expansion. The first hypermarket of the French chain will probably open next year in Gorizont (Horizon) mall, Rostov-on-Don, and the company is said to be eyeing sites in Siberia. For Carrefour, it will be much easier to work in the regions than in the capital, the retailers speculate. Gorizont owners are currently in talks with Carrefour about accommodating a hypermarket of the latter, said Dan Polonsky, general director at Gorizont mall. “We set to negotiations far... [Lire la suite]

St. Petersburg Governor Valentina Matvienko and Gazprom CEO Alexey Miller have chosen the project for Gazprom City’s skyscraper despite great uproar against the construction plans in Russia. RMJM London Limited is to build a 300-meter tower opposite the Smolny convent in St. Petersburg’s historic center.
The decision of the competition commission coincided with the choice at www.gazprom-sity.info which voted for RMJM, a British company with Russia’s Filipp Nikandrov on the architecture board. The project reminds a sail, a... [Lire la suite]

Russian Billionaire Kerimov Critical After Crash (Update1)
By Rudy Ruitenberg and Todd Prince
Nov. 26 (Bloomberg) -- Russian billionaire and parliamentarian Suleiman Kerimov was hospitalized in critical condition at Marseille's major burns center after his Ferrari crashed and burst into flames in Nice on the French Riviera.
Kerimov, 40, was transported by helicopter to the Centre Regional des Grands Brules in Marseille, where he arrived yesterday evening, after his condition was stabilized in Nice, said Denis Burgarella, a... [Lire la suite]